John Browne (Wexford, Fianna Fail)
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15. To ask the Minister for Public Expenditure and Reform his views on whether an Oireachtas inquiry into the banking collapse represents the most effective way of uncovering all the relevant information in a timely manner; and if he will make a statement on the matter. [42476/13]

Brendan Howlin (Wexford, Labour)
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The initiation of a banking inquiry is a matter for the Houses of the Oireachtas to determine. Under the Houses of the Oireachtas (Inquiries, Privileges and Procedures) Act 2013, authority rests with the Houses of the Oireachtas in determining the requirement for a formal inquiry, the terms of reference of an inquiry, the appropriate committee to conduct an inquiry and the procedural and organisational aspects of an inquiry. This Act provides a statutory framework to assist the Houses of the Oireachtas in conducting inquiries into matters of public importance in an effective and efficient manner within current constitutional parameters. Detailed arrangements and procedures to be followed are to be laid down in Rules and Standing Orders.